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Verizon said to be near deal to acquire Yahoo

Takeover could be worth close to US$5b and both firms are hoping to announce a deal as early as this week, source says

Mon, Jul 25, 2016 - 5:50 AM

Yahoo would bring in a huge amount of additional news, sports and finance content - and the one billion people a month who visit Yahoo services - and would offer Verizon another set of sophisticated ad technologies.

PHOTO: REUTERS

New York

THE end of Yahoo as an independent company may be near, and Verizon - long considered the leading contender to buy the ageing web pioneer - is the most likely acquirer.

The two companies are in advanced talks over a takeover of Yahoo that could be worth close to US$5